Notably even the role of the professor has drastically changed in the last few decades. The "publish or perish" paradigm has really taken over and changed the type of research being done. Higgs famously said he wouldn't make it as a non-tenured faculty in today's academic culture.
Not to mention that the type of research being done has drastically changed too. There's many more projects that require wide collaboration. You're not going to do something like CERN, DESI, LIGO, or many other scientific mega projects from a single lab, or even single field of study.
The academic deal has changed. It used to be that by becoming a professor you were granted facilities and time to carry out your research. In return you had to help educate and foster the next generation. It is mutually beneficial. There were definitely abusers of the system, but it is generally not too difficult to tell who in your own department is trying to take advantage of the system, but incredibly difficult to identify these people when looking from the perspective of a university administration. There's been more centralization in the university administration and I'm afraid Goodhart's Law is in full force now.
What I'd like to see is more a return to the Laissez-faire approach. It shouldn't be completely relaxed, but to summarize Mervin Kelly (who ran Bell Labs): "You don't manage a bunch of geniuses, they already know what needs to be worked on. That's what makes them experts in the first place." At the end of the day we can't run academia like a business and it really shouldn't be. The profits generated from academia are less direct and more distributed through society. Evaluating universities by focusing on their expenditures and direct profits alone is incredibly naive. We're better able to make less naive evaluations today, but we still typically don't (it is still fairly complex)
Not to mention that the type of research being done has drastically changed too. There's many more projects that require wide collaboration. You're not going to do something like CERN, DESI, LIGO, or many other scientific mega projects from a single lab, or even single field of study.
The academic deal has changed. It used to be that by becoming a professor you were granted facilities and time to carry out your research. In return you had to help educate and foster the next generation. It is mutually beneficial. There were definitely abusers of the system, but it is generally not too difficult to tell who in your own department is trying to take advantage of the system, but incredibly difficult to identify these people when looking from the perspective of a university administration. There's been more centralization in the university administration and I'm afraid Goodhart's Law is in full force now.
What I'd like to see is more a return to the Laissez-faire approach. It shouldn't be completely relaxed, but to summarize Mervin Kelly (who ran Bell Labs): "You don't manage a bunch of geniuses, they already know what needs to be worked on. That's what makes them experts in the first place." At the end of the day we can't run academia like a business and it really shouldn't be. The profits generated from academia are less direct and more distributed through society. Evaluating universities by focusing on their expenditures and direct profits alone is incredibly naive. We're better able to make less naive evaluations today, but we still typically don't (it is still fairly complex)